California
Redeveloped Tarzana MOB Reaches 60% Leased
19500 Ventura Blvd., an open-air medical complex in Tarzana that recently completed a $5-million transformation into a first-class medical professional building, has leased the… Read more
Shopoff Sells Approved Housing Development to Lennar
Shopoff Realty Investments has sold its recently approved housing development, The Pines at Fullerton, to Lennar Homes for an undisclosed sum. The… Read more
Solar-Powered Multifamily Replaces ‘40s-Era Housing in Linda Vista
Construction on Citrino, a 47-unit, solar-powered multifamily community at 6916 Fulton St. in San Diego’s Linda Vista neighborhood, is nearly complete. Owned… Read more
Berkeley Hotel Project Scores Sector’s Largest C-PACE Deal of 2023
North Bridge closed a $50-million C-PACE refinancing for the Residence Inn Berkeley, a 331-key, full-service hotel in Berkeley. The company… Read more
Newsom Signs Bill Requiring Greenhouse Gas Reporting
Gov. Gavin Newsom signed legislation to require large companies operating in California to disclose greenhouse gas emissions beginning in 2026.… Read more
Related Cos. Looking at Caldwell Co for Cold Storage Facility
The $65 million project is slated for Lockhart, Texas, in Caldwell County. Both the town and county are exploring incentive… Read more
NAIOP SoCal Gears Up for Annual UCLA vs. USC Challenge
Now in its 26th year, the NAIOP SoCal UCLA vs USC Real Estate Challenge will pit a five-member graduate student team from… Read more
Avison Young’s Ryan Miller to Expand Valuation & Advisory in CA
Ryan Miller will serve as senior director, valuation & advisory services out of Avison Young’s California offices. In this role, Miller will focus on expanding… Read more
Dwight Mortgage Trust Lends $60M on Central Valley Portfolio
Dwight Mortgage Trust (DMT), the affiliate REIT of Dwight Capital, closed two acquisition bridge loans totaling $60 million for a portfolio of four apartment… Read more
UPG Arranges Restaurant Leases in Ocean Beach, Mission Beach
Urban Property Group (UPG), a real estate services firm specializing in urban and coastal commercial properties, has secured a lease… Read more
Belmont Senior Living Tops Out in San Ramon
Belmont Village Senior Living topped out construction on Belmont Village San Ramon, its fifth community in the Bay Area. Belmont… Read more
Sabal Closes on $2B of Freddie Mac Multifamily B-Piece Deals
Sabal Investment Holdings (SIH) closed a series of five B-piece investments, representing approximately $2 billion in collateral balance and $203… Read more
Phoenix Industrial Market Stays Hot
Phoenix continues to surge in the industrial real estate market when it comes to new deliveries and rental rates. While… Read more
Bradford Allen Names Jennifer Murphy as President of Management Services
Bradford Allen has announced Jennifer Murphy joined the firm as president of management services. In this role, Murphy will be… Read more
Northmarq Secures $14M Refinance for Washington MF
Minnesota-based Northmarq recently arranged the refinancing for Trailwood Apartments, a 100-unit multifamily community in Redmond, Washington. Andrew Slaton, senior vice… Read more
Social Ping-Pong Club Coming to Midtown
Spin, a social ping-pong club known for its entertainment concept, has opened a flagship location in Midtown. New York Business… Read more
Monrovia Office Asset Fetches Record Sale Price
Avison Young completed the $25-million sale of a 122,000-square-foot office/flex building located at 222 E. Huntington Dr. in Monrovia. The property sale… Read more
Walker & Dunlop Arranges $40M Financing on Fullerton Retail
Walker & Dunlop arranged $39.9 million in financing to replace the existing debt for Orangefair Marketplace, a 244,000-square-foot regional retail center in Fullerton, CA. The W&D… Read more
Shopoff Closes OC Development Fund Two Months Early
Shopoff Realty Investments said Monday that it had closed its Shopoff OC Development Fund (the “Fund”). The Fund was fully… Read more